Wood Product Manufacturing – 2024 U.S. Market Research Report

Publish Date: March 2024

This 63-page market research report provides a comprehensive analysis on the $165.3 billion wood product manufacturing industry in the United States. This report covers more than 100 statistical data sets with historical trend data from 2015 to 2023, and 2024 and 2028 forecasts. The source of the data is from annual comprehensive surveys from a majority companies in the wood product manufacturing industry.

This report has the in-depth industry insights you are looking for as it covers revenue & cost trends, 26 expense categories, dozens of financial metrics, extensive forecasts, plant inventory analysis, 31 balance sheet benchmarks, numerous industry segmentations, industry concentration analysis, material costs analysis, profit margin analysis, state metrics analysis, plant capacity analysis, organizational breakdown, 4 years of inflation analysis, employee pay analysis, employee productivity benchmarks, and much more.

Wood Product Manufacturing Report


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Report Format


The 2024 U.S. Wood Product Manufacturing Industry Market Research Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. Professionals leverage this report to develop a deep factual understanding of the market for strategy projects, business forecasting, streamlining expenses, understanding industry dynamics, identifying growth opportunities, P&L and balance sheet analysis, plant productivity, market analysis, business valuations, workforce optimization, sales & marketing benchmarking, productivity improvement initiatives, operational benchmarking, gap analysis, and much more.

Below are a few page images from the report and check out the table of contents for a complete overview.

wood product manufacturing industry revenue chart

OPEX chart for wood product manufacturing

Wood Product Manufacturing Profit

wood product manufacturing BCG Matrix

Wood Product Manufacturing Plant Utilization Chart

Wood Product Manufacturing Workforce Benchmarks


Industry Description


Industries in the Wood Product Manufacturing subsector manufacture wood products, such as lumber, plywood, veneers, wood containers, wood flooring, wood trusses, manufactured homes (i.e., mobile home), and prefabricated wood buildings. The production processes of the Wood Product Manufacturing subsector include sawing, planing, shaping, laminating, and assembling of wood products starting from logs that are cut into bolts, or lumber that then may be further cut, or shaped by lathes or other shaping tools. The lumber or other transformed wood shapes may also be subsequently planed or smoothed, and assembled into finished products, such as wood containers. 

NAICS Code: 321

Number of Companies: 12,189

Number of Plants / Facilities: 14,056

Total Employees: 433,920

Market Size: $165.3 billion

Product Lines Covered


Other wood product manufacturing
Sawmills and wood preservation
Veneer, plywood, and engineered wood product manufacturing

Table of Contents


Review the table of contents of the Wood Product Manufacturing Market Research Report to understand the comprehensive insights in the report and why thousands of professionals and executives count on Kentley Insights for their industry research.


1-2 – Report Overview & Contents

3 – Industry Overview
– Data Sources & Methodology
– Sector Definition & Examples

4 – Report Synopsis – Revenue & Growth

5 – Report Synopsis – Costs & Profitability

SECTION ONE
REVENUE & GROWTH

7 – Market Size Details
– Industry Revenues, Companies, & Facilities
– Analysis 2015-2023
– 2024 & 2028 Forecasts

8 – Growth Benchmarks
– Sales per Company and Plant
– Analysis 2015-2023
– 2024 & 2028 Forecasts

9 – Product Lines Revenue

10 – BCG Matrix – Income vs. Revenue Growth

11 – Total Industry Sales by Month & Year (2019-2023)

12 – Inventory Value by Month & Year (2019-2023)

13 – Months of Inventory (2019-2023)

14 – Sector Revenue by Segments
– Business Concentration, Size, & Structure

15 – Market Size by State
– Market Size and Rankings

16 – Market Size as a % of State GDP

17 – Industry Sales as a % of State Manufacturing

18 – Industry Segmentation by Business Size

19 – Industry Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll

20 – Industry Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll

21 – Industry Market Share of Top 50 Companies

22 – Subsector Market Share of Top 50 Companies

23 – Industry Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll

24 – Revenue per Company by State

25 – Revenue per Company by Segments

26 – Revenue per Facility by State

27 – Revenue per Facility by Segment

28 – Subsector Market Size & Growth

29 – Subsector Sales per Company & Plant

30 – 5-Year Consolidation Analysis

31 – Employment Consolidation Analysis

32 – Subsector Consolidation Analysis
– Number of Companies & Facilities

33 – Subsector Consolidation Analysis
– Facilities & Employees per Company

SECTION TWO
COST, CAPITAL & FINANCIALS

35 – Profitability & Financial Ratio Analysis

Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– 16 Current & Non-Current Assets Categories
– 15 Short-term, Long-term Liabilities, & Net Worth

37 – OPEX
– Industry OPEX Analysis
– 2015-2023 Trends, 2024 & 2028 Forecasts

38 – OPEX by Company & Plant
– OPEX per Company & Plant
– 2015-2023 Trends, 2024 & 2028 Forecasts

Page 39 – OPEX Detail
– 6 Employee Expense Categories
– 8 Cost of Material Categories
– 6 Buildings and Equipment Categories
– 8 Other Operating Expense Categories
-Inventory Breakdown: finished goods, work-in-progress, materials and supplies

40 – Production Material Costs
– Top Production Material Costs Breakdown
– % of Total Production Material Cost

41 – Producer Pricing Index
– 2015-2023 Trends, 2024 & 2028 Forecasts
– Monthly PPI Figures for the Past 4 Years

42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2020-2023 Historical Figures by Quarter

43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years

44 – Productivity & Industry Employment
– Revenue per Employee
– Total Industry Employees
– Employees per Company
– 2015-2023 Trends, 2024 & 2028 Forecasts

45 – Employee Productivity by Segments

46 – Employee Productivity by State

47 –Subsector Sales & Payroll per Employee

48 – Industry Payroll
– Payroll per Employee, Company, & Plant
– 2015-2023 Trends, 2024 & 2028 Forecasts

49 – Payroll per Company by Segments

50 – Payroll per Plant by Segments

51 – Payroll per Employee by Segments

52 – Payroll per Employee by State

53 – Employee Composition
– % of Employees for 27 Job Categories

54 – Job Categorization Pay Ranges
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

55 – Top 20 Jobs Breakdown

56 – Top 20 Jobs Pay
– Pay Bands

57 – Employees per Company by Segments

58 – Employees per Plant by Segments

59 – Facilities per Company by Segments

60 – Total Employment by State

61 – Population to Every Employee by State

62 – Employees per Facility by State

63 – Overview of Kentley Insights


Data Sources & Forecast Methodology


The data source for the report is extensive annual expense, revenue, wage, operational, and economic surveys administered by federal and private institutions and filled out by a majority of companies in the wood product manufacturing industry. Our analysts develop the forecasts utilizing econometric models based on historical statistical analysis, industry trends and dynamics, macroeconomic analysis & forecasts.

Download a Sample Report


Below is a free sample report download. The 2024 Wood Product Manufacturing Industry Report has the same layout and data sets as the sample report.

Wood Kitchen Cabinet Countertop Manufacturing Report

Report Details


Report: Wood Product Manufacturing Industry Market Research Report

Number of Pages: 63

Format: PDF

Price: $295

Support Contact:
Email us at support@kentleyinsights.com
Call us at 1-800-613-3611

Related Reports:
Other Wood Products Manufacturing Market Research Reports
Sawmills and Wood Preservation
Sawmills
Wood Preservation

Industry Jobs Analyzed


Woodworking Machine Setters, Operators, and Tenders
Miscellaneous Assemblers and Fabricators
Laborers and Material Movers, Hand
Industrial Truck and Tractor Operators
Miscellaneous Production Workers
First-Line Supervisors of Production and Operating Workers
Cabinetmakers and Bench Carpenters
Driver/Sales Workers and Truck Drivers
Carpenters
Industrial Machinery Installation, Repair, and Maintenance Workers
Sales Representatives, Wholesale and Manufacturing
General and Operations Managers
Office Clerks, General
Maintenance and Repair Workers, General
Inspectors, Testers, Sorters, Samplers, and Weighers
Secretaries and Administrative Assistants
Shipping, Receiving, and Traffic Clerks
Painting Workers
Bookkeeping, Accounting, and Auditing Clerks
Industrial Production Managers

Material Cost Categories


Materials, ingredients, containers, and supplies, nsk
Round or hewn wood products, including bolts and logs
Cost of all other materials and components, parts, containers, and supplies consumed
Rough and dressed softwood lumber
Rough and dressed hardwood lumber
Stumpage cost (cost of timber, excluding land, cut and consumed at same establishment)
Hardwood and softwood veneer and plywood
Reconstituted wood products, including particleboard, waferboard, hardboard, MDF, and cellulosic fiberboard
Wood cut stock and dimension
Adhesives and glues
Miscellaneous wood products, including cork; bamboo, rattan, willow, and chip basketwork and wickerwork; and wood handles
Thermoplastic and thermosetting resins and plastics materials
Glass and glass products
Wood chips, ties, siding, shingles, and shakes
Plastics products (including packaging, foam products, film, sheet, rod, tube, fabricated shapes, bottles, etc.)
All basic organic and inorganic chemicals, excluding petrochemicals
Refined petroleum products, including coke, solvents, oils, and waxes
Hardware (builder’s, vehicle, furniture, luggage, etc.), excluding aircraft metal hardware
Paper and paperboard products
Misc. fabricated metal products (excluding hardware, containers, screw machine, bearing components, castings, forgings, and wire)

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